Embattled Chinese conglomerate HNA Group, which has been struggling to resolve a drawn-out cash crisis, announced Friday it faces bankruptcy, in one of the biggest corporate downfalls in the country's history.

Chinese conglomerate HNA Group faces bankruptcy, restructuring

Cash-strapped carrier Hong Kong Airlines has had seven idle planes impounded at the city's airport after it failed to make payments, authorities said Tuesday, with the firm hit by a plunge in tourist numbers caused by long-running protests.

Seven Hong Kong Airlines planes impounded by authority over failed payments

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Chinese conglomerate HNA Group faces bankruptcy, restructuring

Seven Hong Kong Airlines planes impounded by authority over failed payments